Sunwoda's controlling shareholder releases pledge on 5m shares

Sunwoda Electronic announced on November 7, 2025, that its controlling shareholder, Wang Mingwang, has completed the release of pledges on 5m shares of the company's stock. These shares, representing 1.38% of Wang Mingwang's total holdings and 0.27% of the company's total share capital, were originally pledged on November 7, 2024, to Guotai Haitong Securities Co.

Following this transaction, Wang Mingwang's pledged shares now stand at 119.38m. Before this release, Wang Mingwang had 124.38m pledged shares, which constituted 34.38% of his total holdings. After the release, his pledged shares represent 33.00% of his total holdings of 361,779,557 shares, and 6.46% of the company's total share capital. The remaining unpledged shares for Wang Mingwang total 0 and 0% for both restricted and frozen shares.

Additionally, Wang Wei, another significant shareholder, maintains pledged shares totaling 49.09m, representing 37.07% of his holdings and 2.66% of the company's total share capital. Combined, the total pledged shares for the controlling shareholder and his concerted parties are 168.47m, accounting for 34.09% of their total holdings and 9.12% of the company's total share capital.